Announcement: SOA releases passing candidate numbers for April 2024 Exam PA.

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  • Recognition of Sales Inducement and Policy Exchange Credits Under GAAP
    GAAP The life insurance and annuity marketplace is experiencing fierce competition, and many life insurance ... of the Toronto Spring Meeting. Annuity valuation;Life valuation;Securities and Exchange Commission=SEC;Deferred ...

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    • Authors: John B Kleiman, John Morris, Mary S Saslow, Daniel C Gifford
    • Date: Jun 2001
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
  • New GAAP Guidance Likely to Be Promulgated for Non-Traditional Products and Separate Accounts
    Introduction • Should “bonuses” granted on annuity and life insurance contracts be deferred or expensed immediately ... policyholders, or (2) deferred and expensed over the life of a book of contracts. The former treatment is ...

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    • Authors: David C Scheinerman, Mary S Saslow
    • Date: Sep 2001
    • Competency: External Forces & Industry Knowledge
    • Publication Name: The Financial Reporter
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]